Research On The Influence Of Corporate Technology Innovation And Corporate Social Responsibility On Financial Performance

With the rapid development of the economy,people's material level has been greatly improved,and scientific and technological innovation has also led to industrial changes and updated people's lifestyles.The phenomenon that enterprises do not bear social responsibility,such as product counterfeiting and environmental pollution,has aroused heated public debate.In 2006,China's company law stipulates that enterprises must "assume social responsibility",which indicates that the fulfillment of corporate social responsibility has become an important step in the sustainable development of enterprises.As the dynamic engine of internal development,technological innovation provides technical support for the survival and development of enterprises and makes unique contributions to the fulfillment of corporate social responsibility.In recent years,scholars have gradually focused on the impact of technological innovation and social responsibility performance on financial performance.However,due to the differences in research indicators,no consistent conclusions have been reached.Based on previous theoretical research,this paper attempts to analyze the impact of technological innovation and social responsibility on financial performance of enterprises,and proposes feasible Suggestions on this basis.This paper selects the sample data of a-share manufacturing listed companies on the main board of shenzhen and Shanghai from 2012 to 2018 as the research object,and USES SPSS Statistics 21 statistical software for empirical research.This paper argues that not all social responsibility activities can impact on the financial performance of the enterprise,so the choice of corporate social responsibility to fulfill dimension is also important,based on the stakeholder theory,this paper could be divided into: social responsibility monetary capital stakeholder responsibility,stakeholder responsibility of human capital,social capital stakeholder responsibility,ecological capital stakeholder responsibility four different dimensions,delve into these dimensions after joining technology innovation factors synergy effect on financial performance.The conclusions of this paper are as follows: first,there is a significant positive relationship between technological innovation and financial performance;Second,there is a significant positive relationship between enterprises' performance of social capital stakeholder responsibility,monetary capital stakeholder responsibility,overall social responsibility and financial performance,and when they act on financial performance together with technological innovation,the synergistic effect of the two will promote the improvement of performance.Thirdly,there is a significant negative relationship between human capital stakeholder responsibility and financial performance,and there is no obvious synergy between human capital stakeholder responsibility and technological innovation for financial performance.There is no significant relationship between eco-capital stakeholder responsibility and financial performance,and there is no obvious synergy between eco-capital stakeholder responsibility and technological innovation for financial performance.Based on the research conclusion,this paper puts forward the following Suggestions:(1)enterprises should improve the level of technological innovation and improve the mode of resource allocation.(2)enterprises achieve "win-win" management objectives for technological innovation and social responsibility.(3)the government should improve relevant policies to provide institutional guarantee for enterprises.